Audio as an investment? You have to be kidding. Spotted a Château Palmer 1972, if I remember correctly, the other day and was astounded that the asking price was around $495 a bottle. I bought one around 1982, the time I bought my house, and remember paying something like $50.00 for it. Now that is something that appreciates. Have you ever heard of any piece of audio equipment (except maybe for the very exceptional product like tube tuners) that do anything other than depreciate? Counting yourself lucky because what you bought depreciates less than something else you may have gotten is not a proper yardstick to measure an investment. I suspect you have fallen prey to sellers of high priced goods that like to call an "expense" an "investment", to provide the customer that little extra push to get the person into a comfort zone and to sign on the dotted line. Oh, and as for my investment in the Bordeaux, well my wife and I drank it way before it appreciated in any degree. C'est la vie
hifi as investment?
Well sort of. I am just starting out in this hobby and having already exchanged a few used components I bought here and later sold- sometimes for the same amount I paid- sometimes for more-
Seeing this has made me consider the idea that one could approach this hobby's acquisitions as a sort of currency. Considering the ease with which many popular components are sold- SCD-1, De Capos, etc. I have begun to realize that it is possible to approach an expensive system with the rational (if art is not enough) that ridiculously expensive components are just another form of money- a temporary resting place for your reserves (of course this considers purchasing used and at a fair price).
I'm looking for nominations. What components are most depreciation proof once they have taken the hit of being used? I want to rationize an absurd purchase and enjoy my monetary reserves while retaining my safety net.
Does anyone else approach it like this? Used Elrods? Don't get me wrong, I'm doing it for the love of music, but a $15000 system requires some consideration of financial prudence right?
Seeing this has made me consider the idea that one could approach this hobby's acquisitions as a sort of currency. Considering the ease with which many popular components are sold- SCD-1, De Capos, etc. I have begun to realize that it is possible to approach an expensive system with the rational (if art is not enough) that ridiculously expensive components are just another form of money- a temporary resting place for your reserves (of course this considers purchasing used and at a fair price).
I'm looking for nominations. What components are most depreciation proof once they have taken the hit of being used? I want to rationize an absurd purchase and enjoy my monetary reserves while retaining my safety net.
Does anyone else approach it like this? Used Elrods? Don't get me wrong, I'm doing it for the love of music, but a $15000 system requires some consideration of financial prudence right?
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- 33 posts total
- 33 posts total